The latest report on Nigeria’s electricity sector for Q1 2024 has revealed regional disparities in energy distribution and revenue collection across the country as well as the power supplied.
The report released in June was produced by the Nigerian Electricity Regulatory Commission (NERC) and validated by the National Bureau of Statistics (NBS), provides a detailed analysis of the performance of various Distribution Companies (DISCOs).
Uneven Distribution and Revenue Collection
One of the key findings from the report is the contrast in energy distribution and revenue collection among the different DISCOs.
Ikeja Electric Distribution Company (IEDC) and Abuja Electricity Distribution Company (AEDC) emerged as the top performers, recording the highest revenues in the first quarter of 2024.
In contrast, Yola Electricity Distribution Company (YEDC) and Kaduna Electric Distribution Company (KDEDC) were among the lowest in energy distribution and revenue collection.
Performance Metrics
Ikeja (IEDC) reported the highest revenue among all DISCOs, showcasing efficient collection practices and a relatively higher customer base.
Abuja (AEDC) following closely, also reported substantial revenue, benefiting from the concentration of government offices and businesses in the capital city, which ensures a steady demand for electricity.
Yola (YEDC) on the other end of the spectrum, recorded one of the lowest revenues. The region’s performance is hindered by challenges such as security issues, lower economic activities, and infrastructural deficits.
Similarly, Kaduna (KDEDC) struggled with low revenue collection, highlighting the need for improved infrastructure and investment to boost electricity distribution and customer satisfaction in the area.
The report highlights the need to address regional disparities in Nigeria’s power sector and also suggests an effort towards achieving sustainable and inclusive economic growth.
Energy Afrique earlier reported that data from NBS indicated that Nigeria’s total number of electricity customers has increased by 1.78% from Q4 2023 to Q1 2024, reaching 12.33 million and 9.47% up from 11.27 million in Q1 2023.
